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Principal and Interest
The opposite of interest only is pricipal and interest and is where the interest and a portion of the loan pricipal is paid in each repayment
Commercial Property Loan With 25 Year Loan Term
Fri, 2008-05-16 11:09 — wes@ability25 year commercial property loan.
- Competitive Variable and Fixed Rates
- Low application fees
- Redraw available
- Competitive commercial lending package with variable, fixed and a line of credit and a true set and forget facility
- No ongoing or monthly fees on P&I or Interest only loans
- Dedicated commercial BDM who will assist in putting the deal together
- Simple application process and a committed underwriting team to help you get the loan set
Changes to No Deposit Quick Start Option - effective 7 April 2008
Thu, 2008-04-03 22:13 — Broker
From 7 April 2008 St.George/BankSA is making changes to the No Deposit – Quick Start Option.
This option is suitable for those customers who have minimal funds upfront to purchase a property. This includes customers who do not wish to pay the LMI or the LEF (Loan Extension fee).
The changes are as follows:
- The variable interest rate margin will increase from 0.32% to 0.50% above the Standard Variable Rate;
- The fixed interest rate margin will increase from 1% to 1.15% above the Standard Fixed Rate; and
The next Reserve Bank of Australia media release following the RBA board meeting will be,
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